“As for Ms Vadera, she was a very important adviser, this was a time when there were huge worries about the state of Barclays and other banks following the collapse of Lehmann Brothers and RBS. But she said that she has no recollection of any conversation about the Libor rate and the things reported in the Diamond memo and I hear and take what she said.”

A ringing endorsement…

“I’ve no idea because I wasn’t there and the only way to get to the heart of these matters is to have a Treasury Committee inquiry, and people can appear before that, and then to have the full public inquiry which we are calling for and which the public wants into the wider question, wider than the Libor market, about the culture in banking. But to answer your question, Simon, I have absolutely no idea.”

In summary: It wasn’t me, she says it wasn’t her, but I have no idea if she’s telling the truth…

Quote of the Day

Chuka Umunna on Seumas Milne re Russia:

“Have read the comments of the Leader of the Opposition’s spokesperson. Mr Milne’s comments do not represent the views of the majority of our voters, members or MPs. We’ll get abuse for saying so but where British lives have been put at risk it is important to be clear about this.”